Secure communication in the financial sector was analyzed in a recent report by Theta Lake. According to the report, three quarters (74%) of respondents say it’s likely their employees are using unmonitored communications channels, up from 66% in 2022.
Sixty-eight percent of firms reported disabling features across their approved communications tools in order to manage challenges relating to search visibility, compliance, privacy or security.
Regulatory expectations to monitor communications will increase according to 78% of financial institutions and 6% are confident in their approach to communications compliance.
Read the full report here.